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The RMR Group (The RMR Group) Cyclically Adjusted FCF per Share : $9.03 (As of Dec. 2023)


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What is The RMR Group Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

The RMR Group's adjusted free cash flow per share for the three months ended in Dec. 2023 was $0.914. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $9.03 for the trailing ten years ended in Dec. 2023.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2024-04-28), The RMR Group's current stock price is $23.53. The RMR Group's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $9.03. The RMR Group's Cyclically Adjusted Price-to-FCF of today is 2.61.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of The RMR Group was 3.14. The lowest was 2.50. And the median was 2.68.


The RMR Group Cyclically Adjusted FCF per Share Historical Data

The historical data trend for The RMR Group's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The RMR Group Cyclically Adjusted FCF per Share Chart

The RMR Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted FCF per Share
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The RMR Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 9.03

Competitive Comparison of The RMR Group's Cyclically Adjusted FCF per Share

For the Real Estate Services subindustry, The RMR Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The RMR Group's Cyclically Adjusted Price-to-FCF Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The RMR Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The RMR Group's Cyclically Adjusted Price-to-FCF falls into.



The RMR Group Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, The RMR Group's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.914/129.4194*129.4194
=0.914

Current CPI (Dec. 2023) = 129.4194.

The RMR Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201309 0.000 98.790 0.000
201406 0.000 100.560 0.000
201409 0.869 100.428 1.120
201412 2.813 99.070 3.675
201503 1.881 99.621 2.444
201506 1.085 100.684 1.395
201509 8.213 100.392 10.588
201512 0.853 99.792 1.106
201603 3.580 100.470 4.612
201606 1.591 101.688 2.025
201609 0.141 101.861 0.179
201612 1.519 101.863 1.930
201703 4.769 102.862 6.000
201706 1.337 103.349 1.674
201709 0.173 104.136 0.215
201712 2.504 104.011 3.116
201803 10.285 105.290 12.642
201806 1.383 106.317 1.684
201809 -0.025 106.507 -0.030
201812 3.342 105.998 4.080
201903 7.545 107.251 9.105
201906 1.103 108.070 1.321
201909 0.245 108.329 0.293
201912 2.582 108.420 3.082
202003 0.212 108.902 0.252
202006 0.962 108.767 1.145
202009 -0.048 109.815 -0.057
202012 0.867 109.897 1.021
202103 0.264 111.754 0.306
202106 1.153 114.631 1.302
202109 -0.025 115.734 -0.028
202112 1.111 117.630 1.222
202203 0.476 121.301 0.508
202206 1.251 125.017 1.295
202209 0.357 125.227 0.369
202212 0.865 125.222 0.894
202303 0.415 127.348 0.422
202306 4.273 128.729 4.296
202309 -0.313 129.860 -0.312
202312 0.914 129.419 0.914

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


The RMR Group  (NAS:RMR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

The RMR Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=23.53/9.03
=2.61

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 11 years, the highest Cyclically Adjusted Price-to-FCF of The RMR Group was 3.14. The lowest was 2.50. And the median was 2.68.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


The RMR Group Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of The RMR Group's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


The RMR Group (The RMR Group) Business Description

Industry
Traded in Other Exchanges
Address
255 Washington Street, Suite 300, Two Newton Place, Newton, MA, USA, 02458-1634
The RMR Group Inc is a holding company that conducts its business through its subsidiary, which is an alternative asset management company that invests in real estate and manages real estate-related businesses. Its business consists of providing management services to publicly owned real estate investment trusts, or REITs, and real estate-related operating companies. It also provides management services to real estate securities mutual funds and commercial real estate finance companies. The company's operating segment is RMR LLC and All Other Operations. The RMR Group derives its revenue from providing business and property management services as well as advisory and other services.
Executives
Christopher J. Bilotto officer: Exec. VP of The RMR Group LLC C/O THE RMR GROUP LLC, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Jennifer F. Mintzer officer: Exec. VP of The RMR Group LLC C/O DIVERSIFIED HEALTHCARE TRUST, TWO NEWTON PL., 255 WASHINGTON STREET, NEWTON MA 02458
Jonathan Veitch director TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Jonathan Pertchik officer: Exec. VP of The RMR Group LLC C/O TRAVELCENTERS OF AMERICA INC., 24601 CENTER RIDGE ROAD, WESTLAKE OH 44145
Andrew J Rebholz officer: Exec. VP of The RMR Group LLC C/O TRAVELCENTERS OF AMERICA LLC, 400 CENTRE STREET, NEWTON MA 02458
Rosen Plevneliev director THE RMR GROUP INC., TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458
Frederick N Zeytoonjian director C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Watkins Walter C. Jr. director C/O THE RMR GROUP INC., TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458-1634
Ann Logan director C/O PHH CORPORATION, 3000 LEADENHALL RD, MOUNT LAUREL NJ 08054
John G. Murray officer: Exec. VP of The RMR Group LLC C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Thomas M O'brien officer: Exec. VP of The RMR Group LLC 308 DORLA COURT, SUITE 206, ZEPHYR COVE NV 89448
David M Blackman officer: Exec. VP of The RMR Group LLC C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458
Mackey Bruce J Jr officer: Exec. VP of The RMR Group LLC C/O FIVE STAR QUALITY CARE, INC., 400 CENTRE STREET, NEWTON MA 02458
Matthew P. Jordan officer: CFO and Treasurer C/O THE RMR GROUP INC., TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON MA 02458-1634
Senior Housing Properties Trust 10 percent owner C/O THE RMR GROUP, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON MA 02458